Difference between revisions of "Economy"
(Created page with ":'''Economy sector'''. An area of the economy in which enterprises share one of four groupings of produced products: (a) raw materials, (b) physical goods...") |
|||
| (4 intermediate revisions by 2 users not shown) | |||
| Line 1: | Line 1: | ||
| − | + | [[Economy]] is the system of human production and consumption of [[raw material]]s, goods, and services, which may range from the prosperity of a single household to the wealth of nations. The term, [[economy]], may also refer to the way of how wealth is generally created and used or, particularly, to the careful use and management of money, time, energy, and other scarce resources. | |
| + | |||
| + | |||
| + | ==Definitions== | ||
| + | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
| + | ::[[Economy]]. Social arrangement that determine what is produced, how it is produced, and for whom it is produced. | ||
| + | |||
| + | ==See also== | ||
| + | ===Related lectures=== | ||
| + | :*[[What Economy Is]] | ||
| + | |||
| + | [[Category: CNM Cyber Orientation]][[Category: Articles]] | ||
Latest revision as of 14:23, 10 October 2020
Economy is the system of human production and consumption of raw materials, goods, and services, which may range from the prosperity of a single household to the wealth of nations. The term, economy, may also refer to the way of how wealth is generally created and used or, particularly, to the careful use and management of money, time, energy, and other scarce resources.
Definitions
According to Principles of Economics by Timothy Taylor (3rd edition),
- Economy. Social arrangement that determine what is produced, how it is produced, and for whom it is produced.
